March 18, 2014

NorthMarq Capital arranges $9.065 million refinance of Washington Heights Apartments in Bloomfield, New Jersey

Washington Heights Apts

Debt & Equity

Multi-Tenant

WESTCHESTER (March 10, 2014) – Robert W. Ranieri, senior vice president/managing director of NorthMarq Capital’s Greater Westchester NY/CT regional office arranged refinancing of $9.065 million for Washington Heights Apartments, a 96-unit multifamily property located at 168-174 Washington Street in Bloomfield, New Jersey. The transaction was structured with a 10-year term and 30-year amortization. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

Available Multifamily properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.